For Lease

Town Centre

221 3rd Ave SE, Cedar Rapids, IA 52401

73,465

SF Available

Town Centre is a five-story Class A office complex at 3rd & 3rd in downtown Cedar Rapids, IA, and is among the newest office buildings in the city. Now out of receivership and under new management, the property is seeing new life joining existing tenants Hibu, Savant Wealth Management, KFI Engineers, and BSI Engineering, among others. The attached parkade is the only privately-owned parking garage in downtown and provides very convenient access to the tenants, including an underground, completely sheltered parking floor. With modern access controls and lighting, and several fully built-out premium office suites available, this office is a gem in downtown.

 

Commercial suites at this office complex are available to lease for anything from professional offices to medical or other professional service providers, as well as for some retail and cafe use on the first floor. 

 

Woodcrest Capital welcomes first time and franchise businesses to its centers with easy-to-read leases and flexible terms. Woodcrest is also sufficiently sophisticated to please the largest of national credit tenants. As a family-owned business with over 40 years in commercial real estate, Woodcrest owns and operates everything from Class A centers in the busiest neighborhoods to troubled centers it’s rehabilitating in struggling rural communities. Give us a call today to find the right location for your business as we usually have multiple retail opportunities in the immediate area!

Key features

  • At 3rd & 3rd in the Heart of Downtown Cedar Rapids
  • Private Parking Garage with enclosed premium parking options
  • Direct access to the Skywalk network on the 2nd floor
  • Premium office build-outs available
  • Join this popular office complex in the heart of downtown with a special Introductory Rate for an As-Is lease today!

Rental Details

  • Number of spaces 15
  • Total square feet available 73,465 SF
  • For Lease $4.95 - $19.95/SF/YR
  • Space Types Retail, Office, Restaurant, Storage
  • Lease Type NNN
  • Date Updated Jun 25, 2026
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Reach out to the broker for more info on lease terms and amenities

For Lease 15 Spaces Available

Contacts

Chase Parten

Woodcrest Capital

Building Details

  • For Lease $4.95 - $19.95/SF/YR
  • Property Type Office
  • Property Size 180,558 SF
  • Lot Size 1.69 Acre
  • Zoning U-DC (Urban Downtown Core)
  • # of Floors 5
  • Parking Spaces Avail. 348
  • Parking Ratio 1.93 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Renovated 1991
  • Date Updated Jun 25, 2026

Attachments

Getting Around

  • Walk Score ®

    Very Walkable (78)

  • Transit Score ®

    Some Transit (39)

  • Bike Score ®

    Very Bikeable (78)
Powered by Walk Score ®

Location

  • City Cedar Rapids, IA
  • Zip Code 52401

Points of Interest

Casey's General Store

0.36 miles

Caseys

0.73 miles

Kum & Go

0.75 miles

Fas Fuel

1.01 miles

Sinclair - Hawkeye

1.18 miles

Conoco

1.20 miles

Tesla Supercharger

1.51 miles

Hy-Vee Gas Station

1.54 miles

Kwik Shop

2.09 miles

GTC Ramp

0.09 miles

Paramount Lot

0.10 miles

CRST Parking Garage

0.15 miles

May's Island Ramp

0.25 miles

Five Seasons Parking Ramp

0.25 miles

Lot 9

0.29 miles

Lot 12

0.30 miles

Lot 10

0.32 miles

Lot 44

0.39 miles

Big Z's Car Wash

1.79 miles

Washmohr Car Wash

1.94 miles

Five Seasons Detail

2.27 miles

Mt. Vernon Car Wash

2.39 miles

Enterprise

2.67 miles

Sparkling Image Car Wash

2.78 miles

Mister

2.82 miles

Mikey's Touchless Car Wash

3.30 miles

Tommy's Express Car Wash

3.47 miles

The Coffee Emporium

0.04 miles

Pita'z Inc

0.04 miles

Austin Blues BBQ

0.04 miles

Sub King Deli

0.05 miles

Jimmy John's

0.06 miles

Deb's Ice Cream & Deli

0.07 miles

Little King Deli

0.08 miles

Primo Burrito

0.08 miles

The Blue Strawberry Coffee

0.09 miles

K.A.F.F. Oriental & African Market

1.05 miles

Hy-Vee

1.13 miles

New Pioneer Food Co-Op

2.46 miles

ALDI

2.89 miles

Town and Country Shopping Center

3.13 miles

JCPenney

3.17 miles

Our Himalayan Store

3.19 miles

Ross

3.28 miles

Burlington

3.30 miles

Cedar Rapids Fire Department Central Station

0.38 miles

Physicians Clinic of Iowa

0.41 miles

Mercy Care Downtown

0.47 miles

Cedar Rapids OB Gyn

0.47 miles

Mercy Medical Center

0.48 miles

UnityPoint Health Work Well Clinic Therapy Plus

0.49 miles

Linn County Sheriffs Department

0.53 miles

Medical Plaza

0.55 miles

Family Practice Associates

0.62 miles

221 3rd Ave SE Listing Summary

  • Office Space Available at 221 3rd Ave SE

    Office space currently available at 221 3rd Ave SE adds up to a total of 74,169 square feet across 15 listing(s). The largest individual space listed offers 20,771 square feet. Property use types available for lease at this property include: retail, office and restaurant.

  • Learn More about 221 3rd Ave SE

    The property incorporates a total of 73,465 square feet of space. Within the same building, there are 8,334 square feet of Retail space. Additionally, the property offers 704 square feet of Storage space for lease. 221 3rd Ave SE features a parking ratio of 1.93 / 1,000 SF, offering a total of 348 parking spaces. The most recent renovation work at this property was completed in 1991.

    Interested in researching more about this property? Access in-depth research on 221 3rd Ave SE, including ownership details, transaction history, property characteristics, taxes, mortgage data, violations and more by creating a free account and viewing the full property report.

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